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International Reaches New 52-Week High (IP)

International Paper (NYSE:IP) hit a new 52-week high Tuesday as it is currently trading at $47.32, above its previous 52-week high of $47.25 with 1.6 million shares traded as of 11:12 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- International Paper (NYSE: IP) hit a new 52-week high Tuesday as it is currently trading at $47.32, above its previous 52-week high of $47.25 with 1.6 million shares traded as of 11:12 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

International has a market cap of $20.55 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 16.2% year to date as of the close of trading on Monday.

International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and North Africa. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full International Ratings Report.